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Metro 2033: Fear The Future

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It’s a little known fact that Russian intelligence considered the likelihood of a nuclear strike against them so high that they ordered Moscow’s metro system to be dug deep enough to act as a makeshift fallout shelter. With a detail like that to draw inspiration from it’s hardly surprising that a book and now a videogame have been written to exploit it.

Dimitry Glukhovsky, author of Metro 2033 and consultant onhttp://news.bf-1.com/wp-admin/post-new.php the eponymous game, has penned a story which takes place after nuclear war has devastated the planet, with the only survivors sealed inside Moscow’s reinforced metro system. Unfortunately for them, as is often the case, they are not alone and soon find themselves in a struggle for their very existence against a variety of horrors.

An atmospheric and claustrophobic first-person shooter, Metro 2033 is looking good from the preview build we’ve played through, with lighting and shadows used to particularly eerie effect.

Expect the title to land on store shelves on 19 March, for PC, PS3 and Xbox 360, for now check out the latest video for a sneak peak of the game in action.

Seven foreigners were killed in Jakarta hotel bombs – media

in.reuters.com

Seven foreigners were killed in Jakarta hotel bombs – media

JAKARTA – july 18  – Seven foreigners were among those killed in the bomb attacks on two luxury hotels in Indonesia’s capital, the Jakarta Post newspaper reported on Saturday, citing a police official.

Suicide bombers struck the JW Marriott hotel and close-by Ritz-Carlton, two luxury hotels popular with businessmen and diplomats, in Jakarta’s main business district during breakfast.

Police on Friday said eight people died, revising down an earlier count of nine, and over 60 were injured. On Saturday it seemed the toll had been raised again to nine, including two suicide bombers.

The blasts are a severe blow for Southeast Asia’s biggest economy and for President Susilo Bambang Yudhoyono who was re-elected earlier this month in a landslide victory on the back of restoring peace and strong growth to a country with the world’s largest Muslim population.

Police won’t be drawn on who may be responsible for the blasts, but suspicion has fallen on remnants of Jemaah Islamiah, the militant Islamist group responsible for a string of attacks in Indonesia in the first half of the decade.

East Jakarta Police Chief Hasanudin told the English language Jakarta Post that forensic experts were identifying the bodies of seven foreign nationals.

“All were foreigners,” Hasanudin told the Post, adding that all were male.

Police have not released the names of any of the victims yet.

Tim Mackay, chief executive of cement maker Holcim Indonesia and a New Zealand national, was one of several executives attending a CastleAsia Group breakfast at one of the hotels, and was killed in the blast, Holcim said on Friday.

Kompas newspaper reported that two Australians died in the blasts.

Police said on Friday the bombers had checked in to the Marriott as paying guests on Wednesday and had assembled the bombs in their room. A third bomb was found and defused in a laptop computer bag on the 18th floor.

International reaction to the bombings was swift.

U.S. President Barack Obama, who spent four years living in Jakarta as a child after his mother married an Indonesian, called the attacks “outrageous”.

“These attacks make it clear that extremists remain committed to murdering innocent men, women and children of any faith in all countries,” the White House said in a statement.

Jemaah Islamiah or a splinter, blamed for a previous Marriott attack as well as bombings on the island of Bali in 2002 that killed 202 people, are widely suspected to be responsible for Friday’s blasts as the attacks bear the group’s hallmarks — the choice of high-profile Western targets where the victims are likely to be foreigners.

The group, which wants to create an Islamic super-state across parts of Southeast Asia, was blamed for a string of attacks until 2005, but many militants have since been arrested.

According to police, the casualties included citizens of Indonesia, the United States, Australia, South Korea, the Netherlands, Italy, Britain, Canada, Norway, Japan and India.

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China finds $84bn local government debt irregularities

National Audit Office said breaches included “irregular credit guarantees”, “irregular collateral” and “fraudulent and underpayment of registered capital”.

There are growing concerns about the amount of bad loans being held by local governments.Official figures show they held debt of 10.7tn yuan ($1.7tn; £1.1tn) in 2010.

“The State Council is studying proposals to enhance local government debt management and to address fiscal and financial risks,” the audit office said in the report.
‘Again and again’
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A lot of the local debt will be absorbed by the central government”
Michael Pettis Peking University

Local governments have been borrowing money from Chinese banks to fund projects aimed at maintaining economic growth.

According to the China Banking Regulatory Commission, local governments took up 80% of total bank lending in China at the end of 2010.

However, analysts said that although the lending had helped to spur investment and boost growth, it was now weighing on local governments.

“Whenever you look at lending that spurs growth miracles, it starts off with an increasing ability to pay the debt,” Professor Michael Pettis of Peking University told the BBC.

“But in every case that ability fades. That is the process that is happening in China,” he explained. “We are going to see stories like this again and again.”
Easing burden?

In October last year, China allowed four local governments to sell bonds for the first time in 17 year. It was hoped the sale would help them pay their loans.

However, the central government put a limit on the amount of bonds the local governments could issue despite the fact that there was a lot of interest among investors.

According to the Xinhua news agency, Shanghai’s bond sale received bids for three times the amount of bonds on offer.

As a result, many of the local governments still have sizeable debts and while the central government may let them raise money, it may also have to take further measures to solve the problem, analysts said.

“A lot of the local debt will be absorbed by the central government,” said Mr Pettis of Peking University.

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